As a mobile tradesperson, your van and your tools are the backbone of your business. You rely on your van to reach job sites, transport materials, and of course, get the job done. That’s why protecting them with tool insurance is an investment absolutely worth making.

Why Tool Insurance Matters for Mobile Tradies

As a mobile tradie, your van isn’t just a vehicle – it’s your mobile workshop. The tools and equipment you carry are essential for completing jobs and earning your income. Let’s break down why dedicated tools insurance, van insurance and equipment insurance policies are so crucial:

  • The high value of tools and equipment: Even a basic set of trade tools carries a hefty price tag. When you factor in power tools, larger equipment, and materials, the value stored within your van can be staggering. This makes your van a prime target for thieves.
  • The cost of replacement: It’s not just about the immediate financial hit of buying new gear. Every day without your tools means lost appointments, delayed projects, and a serious dip in income.
  • Specialised equipment: Certain trades require highly specialised and expensive tools. For example, a surveyor’s precision equipment might be very challenging to replace quickly or cheaply. Specific tools insurance protects you from that unique financial risk.
  • Peace of mind: Tool van insurance offers peace of mind. You know that if disaster strikes, you won’t face financial ruin. You can focus on replacing your gear and getting back to what you do best – serving your customers.

If you own a van filled with tools, get a free quote today on van tool insurance to ensure your business is protected.

tradie insurance 4What to Look for in a Tool Insurance Policy

Not all tool van insurance policies are created equal. Here are the key areas to consider when choosing the right protection:

  • Coverage limits: Ensure the policy’s coverage limits are high enough to fully replace your tools and equipment in the worst-case scenario. Factor in the cost of brand-new replacements, not just secondhand values.
  • Location of protection: Does the policy cover your tools only when locked in the van, or does coverage extend to job sites or even secure storage facilities? Be clear about where your tools are protected.
  • Exclusions: Carefully read the policy’s fine print about exclusions. Some policies might not cover theft unless there’s forced entry, damage from negligence, or items left in the van overnight.
  • Options for customisation: Do you need specialised coverage for unique tools, some specific device insurance, valuable pieces of equipment, or specific risks within your trade? Some insurers offer add-ons (like instrument insurance, for example) to tailor coverage to your exact needs.

Choosing the right tool insurance policy is like saving your livelihood. Click here to read about securing your livelihood – the role of tradie tool insurance

tradie tool insurance 4How Much Does Tool Insurance Cost?

The cost of tool insurance in Australia depends on several factors, including:

  • Value of your tools: Naturally, insuring a larger and more expensive toolkit will cost more than a smaller, basic set.
  • Location: Where you operate can impact premiums. Areas with higher crime rates may incur slightly higher insurance costs.
  • Type of coverage chosen: Basic theft and damage coverage is generally more affordable than comprehensive policies that include accidental damage, public liability, etc.

Here’s a general idea of costs:

  • Basic Plans: These can start from around $30-$50 per month for apprentice or smaller toolkits.
  • Comprehensive Coverage: For higher tool values or toolbox insurance, premiums may range from $80 to upwards of $150 per month.
  • Note: These figures are for informational purposes only. They do not constitute legally binding advice and should not be a substitute for a consultation with an insurance expert.

The cost of tool van insurance is often a fraction of the financial devastation you could face if your livelihood is suddenly taken away because of theft or damage. The price of replacing tools, combined with lost wages, far outweighs most insurance premiums.

As a tradie, your tools are your most valuable asset. Protect them, and protect your business, with the right tool van insurance. 

At Tradies365, we understand the unique needs of Tool Vans. Our team can tailor an insurance package that gives you the coverage you need, at the right price. 

Get a free, no-obligation quote today, and experience the peace of mind that comes with knowing your tools and your future are secure.

Read more:

The guide to tools of trade insurance

Note: The material offered here is for informational purposes only. It does not constitute legally binding advice and should not be a substitute for a consultation with an insurance expert.